Virgin Media has announced a Q4 2008 increase in revenues for its content business, up to £118.8 million from £114.1 million the previous year.
Overall revenues in Q4 were £617.5 million, up from £610.3 million in the third quarter but down on £621.9 million last year.
The company’s ‘on-net’ customer base at the end of December was 4.76 million with net additions of 14,800 in the quarter.
Average revenue per user increased to £42.30 per month, from £42.24 in the previous year.
Virgin Media gained 57,100 broadband customers, down from 106,200 in the previous year to 3.68 million.
It added a net 44,500 TV customers, down from 61,100 last year, while 1.8 million of its digital TV customers are now using video on demand.
Although it gained 70,800 mobile contract users, and now has 649,400, it lost 224,000 pre-pay users on Virgin Mobile.
Neil Berkett, Virgin Media chief executive, said: “Record numbers of customers are now using Virgin Media’s services, despite the current economic environment.
“We are successfully giving people more reasons to choose us and they are buying more products from us than ever before, with 56% of our customers now buying three services or more.
“A £300 million repayment of our debt in the quarter, along with the amendment of our senior credit facility in November 2008, and our operational improvements mean Virgin Media today is a strong business with a stable foundation.”
